Lecture Chapter 6 Student
Lecture Chapter 6 Student
Chapter 6
Devy Schonfeld
Housekeeping
Turn off your cell phones an put them away; Put your Name Cards out.
Let’s review Assignment 1 – Due March 10th in class
We will have a quiz on March 8th. Covers Chapters 3 and 4. There is no make-up for
quizzes or exams
Guest Speaker Arturo Litwak will be here on March 10th.
Exam 1 is March 22nd. It will cover Chapters 1-8 (incl). Open book; no technology; will
not cover my notes.
– You will need a #2 Pencil and a Scantron
– There is no make-up for exams!
On March 8th I am going to cover elevator pitches and Marketing Plans (not textbook
content)
Assignment 1
Influence
• External Search:
•
•
Online
Visits dealerships
this process?
• Talks to friends
• Reads reviews
• Test drives
Evaluation of Alternatives
Consideration set:
– Group of brands within a
product category that a
buyer views as possible
alternatives
• What are some?
Evaluative criteria:
– Objective and subjective
product characteristics that
are important to a buyer
• What are they?
Post-Purchase Evaluation
Cognitive dissonance:
– Doubts in buyer’s mind
about whether decision to
buy certain product was
right
• Cause - Purchase of Good marketers
expensive, high- manage this part of
involvement product the chain effectively!
lacking desirable features WHY?
of competing brands HOW?
• Lessened by contacting
recent customers
regarding the purchase
Identify the Stage
In which stage of the consumer buying decision process is each of the following people?
1. A recent college graduate reads Consumer Reports to compare automobile ratings.
2. On the first day of class, a student finds out that a programmable calculator is needed for the course, but she
doesn’t own one.
3. After purchasing an evening gown, a woman decides that it is not quite appropriate for her special occasion.
4. A teenager compares numerous MP3 players and narrows the choice down to two players.
5. While on the way to work, a person’s automobile stalls and doesn’t start again.
6. At an open-house party, a guest realizes that the host already owns the gift he plans to give.
7. A person receives a sample package of laundry detergent in the mail and uses it to wash a load of clothes.
Level of Involvement
Are these products high or low
Degree of interest in a product involvement?
and the importance the
individual places on that
product
– High-involvement products:
visible to others and are expensive
– Low-involvement products:
less expensive and have less
associated social risk
Consumer Decision Making
2. In the mail you receive an invitation to a favorite cousin’s surprise birthday party. You will not be able to attend, so you decide
to send a gift. Questions to ask: What type of gift would you send? How much do you spend? How much time do you take choosing this
gift?
3. You got engaged recently and have received an invitation to your future spouse’s mother’s birthday party. This will be the first
family party you attended. Questions to ask: What type of gift do you bring? How much do you spend? How much time did you take
choosing this gift?
4. You eat a turkey sandwich for lunch every day. You are at the grocery store to buy bread and turkey. There is a new brand of
turkey prominently displayed at the end of the shelf. Questions to ask: Would you spend more? How much time would you spend
making this decision?
Classification of Situational Factors
How you buy is based on the situation you are in!
Situational Factors
Location, Interaction with Holidays, You, gift, physical How do you feel at
Atmosphere, Sound, others, sales people, convenience, end- need, mood boost the particular
Light, Layout “like you” caps moment
Psychological Influences – YOU!
Partly determine people’s general behavior and influence their
behavior as consumers
– Strongly affected by external social and cultural forces
Consumer behavior based psychological influences
– Perception – what does this product mean to me, how to I experience it,
how do I feel about it?
– Motives – Intensity of behavior (hunger!), what will it do for me?
– Learning – Changes in an individual’s thought process based on info.
– Attitudes and personality – longer-term feeling about the product in
general
– Self-concept and lifestyles – A view of yourself, and how you live
Perception
Process of selecting, organizing, and interpreting information inputs to produce meaning
Information inputs: Sensations received through sight, taste, hearing, smell, and touch
Perception process
– Selective exposure: Selecting some sensory inputs and ignore others
– Perceptual organization: Organizing and integrating new information with what is stored
in memory
– Interpretation: Assigning meaning to what has been organized
Selective Exposure
Selective distortion
• Changing or twisting of information
that is inconsistent with personal
feelings or beliefs (political beliefs,
ideology)
Selective retention
• Have any of you been in other cultures where you saw people doing things that
would never be accepted in the United States or vice versa?
Examples of Opinion Leaders and Topics
Best Buy Video Analysis
Target market and segmentation?
What did they learn about consumer buying behavior?
What type of purchase decision happens at Best Buy (routine,
extended..)
What type of situational forces apply to women shoppers?
What are the psychological forces?
– perception
– motive
– learning
– attitude and personality
– self-concept and lifestyle